Delaware News

Caliber One Under Review

A.M. Best Co. has placed the financial strength rating of “A” (Excellent) for Caliber One Indemnity Company, Wilmington, Del., under review with negative implications. The rating action follows the May 1 earnings release of Caliber One’s ultimate parent, PMA Capital …

Caliber One under Review

A.M. Best Co. has placed the financial strength rating of “A” (Excellent) for Caliber One Indemnity Company, Wilmington, Del., under review with negative implications. The rating action follows the May 1 earnings release of Caliber One’s ultimate parent, PMA Capital …

Ariz. HB 2192 to Protect Consumers who Depend on Structured Settlements

The Arizona Legislature passed a bill May 16 aimed at protecting consumers who depend on structured settlements, and could become the fourth state this year to enact such a law, according to the Alliance of American Insurers. Mississippi and Utah …

Mechanized Timber Harvesting

Nuts & Bolts: O’Donovan & Associates Inc. is offering a program for mechanized timber harvesting—Auto, GL, Prop, Umb. Endorsements—Loggers. Available on an appointment-only basis. Dollars: Policy limits of $1,000,000, deductibles vary. Carrier: Royal & SunAlliance. Rated States Available: Ala., Ark., …

A.M. Best Moves Rating of Caliber One to Review

A.M. Best Co. has placed the financial strength rating of A (Excellent) for Caliber One Indemnity Company, Wilmington, Del., under review with negative implications. The rating action follows the May 1, earnings release of Caliber One’s ultimate parent, PMA Capital …

Storage Tanks

Nuts & Bolts: ChamberBiz Insurance Agency Services, a brokerage in Wilmington, Del., is offering a storage tank liability program. The company also offers coverage for pollution legal liability. Endorsements include Texas State Amendatory. Dollars: Policy limits: $1,000,000 / $1,000,000; deductibles: …

Ill. Orders Legion Indemnity into Conservation

Illinois Insurance Director Nathaniel S. Shapo has obtained a conservation order against Legion Indemnity Company. The conservation of Legion was precipitated by rehabilitation orders entered in the state of Pennsylvania against two Legion Indemnity Company affiliates, Legion Insurance Company and …

CalFarm to Pay $2.6M for Allegedly Deceiving Former Employee

CalFarm Nationwide Insurance has been ordered to pay $2.6 million to a former Sacramento resident after a jury found the company guilty of allegedly deceiving the man into relocating to California to take on a position, only to fire him …

HALLIBURTON LOSES ROUND

As a result of an order issued recently by the Delaware Supreme Court, the Halliburton Company of Dallas will write-off receivables in first quarter 2002. Halliburton announced that the Delaware high court affirmed without opinion the judgement of the Court …

Garamendi Joins Speier In Effort to Ban Industry Contributions

Democratic Nominee John Garamendi joined Calif. State Sen. Jackie Speier and consumer advocate Harvey Rosenfield on the steps of the State Capitol in Sacramento March 21 to call for a new effort to ban contributions from the insurance industry in …